‘Investment has fallen off a cliff’ for large-scale renewable energy capacity development



Sky News host Steve Price questions the future of energy capacity in Australia as investment in large-scale renewable capacity development has “fallen off a cliff”.

“Renewable energy capacity and new projects, investment in both solar and wind had dropped in the last 12 months by 80 per cent,” he said.

Mr Price said it is being blamed on slow “planning” and environmental approvals.

“Ever-rising costs” and a tight labour market are also contributing factors, he said.

“Investment has really fallen off a cliff.”

source

26 thoughts on “‘Investment has fallen off a cliff’ for large-scale renewable energy capacity development”

  1. **What's silly is that internal combustion engines that run on hydrogen are the future and hydrogen is a by-product from nuclear electricity production. Our government is not making decisions on science, so foolish.

    Reply
  2. Everyone needs to stay home and not drive anything
    Then what government going to do
    No gouging the fuel drivers if not driving no tax towards paying for electric
    Everyone needs to take a sicky at once

    Reply
  3. There are so many things wrong with a governmental push on EV’s & taxing the crap out of other transport means I dont know where exactly to start. We are not ready to be bullied into having a major EV epidemic in Australia yet, our infrastructure can bearly keep the lights & Aircon’s going in summer as it is.
    Put simply, Australia is addicted to deisel & that can’t & won’t change quickly, tractors, trucks, trains, transport, big machinery, industry, power, farming & 4WD’s won’t be replaced easily without plunging Australia into financial disaster trying to accomodate it.
    While EV’s may have a place for those who can afford them, they aren’t a quick solution for any majority.
    Batteries are most efficiently used in smaller items, EV’s, & especially larger trucks or machinery use stupid amounts of power inefficiently, a small backhoe run for nearly two hours before needing a 6 hour charge from a huge deisel genset on location, meaning you would need at least 4-5 of them to do a days work & then leave a big deisel generator running all night to have them power enough for the next day, without considering the shear lunacy of such an endeavour to save emissions output,we are now running a huge deisel generator 24/7 anyhow, plus we have 4 or 5 potential fire bombs sitting in a paddock at a very large cost, I cant see how using this amount of resources and adding extra potential hazards to the equation is helping to save our planet & I am sure you wont be seeing 4WD destinations in EV’s for a very long time either.

    Reply
  4. Many years ago, I originated the phrase “Blue-Ocean Event” for an essentially ice-free Arctic.
    We can expect to see this any year now. As there is less and less sea-ice in the Arctic, there are now more and more “Marine Heat Waves”

    Reply
  5. Will anyone notice the difference of less consolidation.!? The general rule these day's for green projects is let the local,brainless twits bleat on and then give them the one finger salute and do it anyway. The geens movement is arrogance personified. Start building these thing in the area around the politicians promoting them homes. With only 1.5 km distance 30 or 40 of them it should be easy enough to talk and sleep …… I SAID IT SHOULD BE EASY ENOUGH TO, WHAT, I SAID

    Reply
  6. Absolute muppets in charge and forget EVs don't work out if you don't have off street parking to charge. What get the councils to ignore all the extension cords or line up at a public charge station in the far queue to waste time just to get some juuce . And that is if the grid can handle all these EVs but in peak demand you will hear the Government say not to charge as to not have a blackout.

    Reply

Leave a Comment